Frank Gargano

New policies, aided by partnerships with local organizations, are helping credit unions make significant progress on DEI.

The combination of Klamath Public Employees Federal Credit Union and Pacific Crest Federal Credit Union would create an organization with more than $335 million of assets and roughly 24,000 members.

Staff feedback is crucial to tailoring benefits and designing new workspaces, experts say.

Younger and more diverse leaders may better represent the local community. But bringing new people into the board room requires persistent and targeted outreach.

Jonathan W. Roberts will transition from his roles with Webster Bank in Connecticut to lead the credit union on Sept. 19.

Jeff Fielder will succeed longtime president and chief executive Cheryl DeBoer on Oct. 1.

Through unconscious bias assessments, analysis and industry partnerships, financial institutions are working to meet the diverse needs of current and future talent.

Despite an initial green light in 2019, regulators with the Virginia State Corporation Commission ultimately decided the credit union's plan to add members lacked merit.

Chuck Albrecht announced his plans to step down in March of 2023, concluding a more than 20-year tenure as president and chief executive.

Elba Arenas takes over from Jim Barbarich, who is planning to retire at the end of next year.